Your five-minute digest

Most of the 50,000 jobs cut by Britain’s largest businesses in the first half were lost in the retail industry, with Toys R Us among those falling into administrationJULIO CORTEZ/AP

1 Theresa May’s chief Brexit negotiator, Oliver Robbins, has told cabinet ministers that the government has no realistic chance of striking an advantageous pick-and-mix trade deal with the European Union.